India Medical Oxygen Market To Establish Growth Due To Rapid Technological Advancement Until FY2027
Increasing prevalence of chronic diseases is driving
the growth of India Medical Oxygen Market, FY2017-FY2027.
According to TechSci report on, “India Medical
Oxygen Market
By
Product Type (Oxygen Cylinder v/s Oxygen Cans) By Modality (Stationary v/s
Mobile) By Application (COPD, Lung Disorders, Cardiac Disorders, COVID-19,
Others) By End User (Hospitals & Clinics, Home Care, Others) By Region,
Competition Forecast & Opportunities, FY2027”, India
medical oxygen market has shown promising growth in
historical years until FY2020 and is expected to continue its growth in
upcoming forecast years FY2023 to FY2027. India medical oxygen market owes its
growth to the factors like growing need for medical oxygen for the treatment of
the patients suffering from the chronic diseases, respiratory diseases,
cardiovascular diseases etc. Also, rising pollution in the country is causing
population to develop and suffer from various breathing disorders. The poor
quality of the air is causing all sorts of lung problem in the country’s
population. Moreover, application of oxygen in the healthcare industry,
increase demand for portable oxygen for homecare, and the increasing instances
of COVID-19 is driving the growth of the India medical oxygen market, in the
upcoming five years.
Medical oxygen is the
compressed form of liquid oxygen that is concentrated by compressing,
filtering, and purification processes. The liquid oxygen maintained at -182 and is transported and stored in cans and
cylinders. Oxygen gas manufacturers are adopting
advanced manufacturing technologies to increase production and meet delivery
challenges. Customized multi-train air separation projects can present a number
of design and delivery challenges, particularly in remote locations. Also, the
manufacturers are incorporating internet of things (IoT) technologies to
connect equipment and smart devices to garner real time insights of the
patients’ condition.
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Oxygen Market"
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India medical oxygen market segmentations
is based on product type, modality, application, end user,
competitional landscape, and regional distribution. Based on
modality, the market is further bifurcated into stationary and mobile system.
Stationary systems are expected to hold the largest share of the market owing
to the increasing number of the patients in the hospitals and surge in the demand
of the excellent healthcare facility. Although mobile models are expected to
hold the fastest growth due to the rapidly rising cases of COVID-19 patients in
the country.
Based on application, the
market is further sub-segmented into COPD, Lung Disorders, Cardiac Disorders,
COVID-19, Others. COVID-19 cases are multiplying at a rampant rate and the
number of patients are doubling in the current year, FY2022 and thereby
supporting the exponential growth of the India medical oxygen market.
Some of the top players
in the India Medical Oxygen Market are, Philips India Limited, Wipro GE
Healthcare Pvt. Ltd., Siemens Healthineers India, Canon India Pvt. Ltd.,
Shimadzu Medical (India) Pvt. Ltd., Trivitron Healthcare Pvt. Ltd., India
Medtronic Pvt Ltd, Hitachi India Pvt. Ltd., Sanrad Medical Systems Private
Limited, Accuray Medical Equipment India Pvt. Ltd, among others. The companies
are involving themselves into research and development for more advanced
medical devices. Medical oxygen are in demand owing to the sudden surge in the
need of the healthcare industry. New players entering the market may form
partnerships with other players or the end users of the industry for a
consistent inflow of the product.
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“Medical Oxygen are one
of the most important treatment procedures that are widely used across for treating
various chronic diseases like cardiovascular diseases, respiratory diseases,
pulmonary disorders, etc. that are prevalent in the country. Market players are
constantly researching and developing the technologically advanced methods to
provide more efficient, ways of storing, and supplying the medical oxygen that
gives efficient methods of oxygen support to the patients that are struggling of
the target and chronic diseases. Government support toward the research and
development is also one of the major drivers of the market. New players can
focus on the investments and on the market launches of the technologically
advanced products,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Medical Oxygen
Market By Product Type (Oxygen Cylinder v/s Oxygen Cans) By Modality
(Stationary v/s Mobile) By Application (COPD, Lung Disorders, Cardiac
Disorders, COVID-19, Others) By End User (Hospitals & Clinics, Home Care,
Others) By Region, Competition Forecast & Opportunities, FY2027” has evaluated the
future growth potential of India Medical Oxygen market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Medical Oxygen market.
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